Charles County MD and PG County MD Home buyers-Do you want a home buyer grant for up to $7,500?

By
Real Estate Agent with Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC SP98364271

         Charles County MD and PG County MD Home buyers-Do you want a home buyer grant for up to $7500? Many of you probably do. So who is giving out this home buyer grant for up to $7500? Federal Home Loan Bank. Federal Home Loan Bank (FHLB) provides up to $7,500 in matching funds per eligible household for down payments and closing costs. The bank has set aside approximately $11 million dollars of funds for the 2010. Since 1999,FHLB has funded over $59 million in FHP dollars to help more than 9,700 families purchase their first home.

 

 

        Qualifications: The qualification criteria includes being a first time home buyer(if you haven't owned a home in three years,you qualify as a first timer.) Your minimum contribution is $500 and that your annual income is less than 80% of the median home income on household size. If you qualify for the home buyer grant,you are provided the grant at a ratio of 1 to 5. Ex: If a buyer has $500 of their own money,they are eligible for $2500. If a buyer has $1,500 of their own money,they are eligible for $7,500. Besides the loan amount qualifies as a "Forgivable loan after five years of stay.

 

 

 

        If you are sell or refinance your home before five years,you will have to pay back the $7,500 home buyer grant to the Federal Government. If you complete the five years,you don't need to return the money.

 

 

        Time is of the essence: The money will run out for the FHLB by September 2010. So if you are looking to buy a home in either Charles County MD,PG County MD,St.Mary's County MD or DC,to qualify for the home buyer grant ACT NOW BEFORE THE MONEY IS GONE

         For more information on the home buyer grant,please give me a call at your earliest convenience. I can be reached at 202-378-0283. Click on this link if you know anyone who is looking to Get preapproved for a home loan in Charles County MD and PG County . Click on the link to Search for Three bedroom,two bath ramblers with a garage for sale in Waldorf MD 

 

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Dr. Stacey-Ann Baugh 07/19/2010 05:43 PM
  2. Gabriela Agostinelli 07/20/2010 04:21 PM
Topic:
ActiveRain Community
Location:
Maryland Charles County Waldorf
Tags:
fhlb grant
7500 home buyer grant for pg county md home buyers and charles county md home buyers
charles county and pg county md first time home buyers

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1,024,380
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Excellent information for consumers, Lanre.  Too bad they don't have any money for Anne Arundel County, where I work.

Jul 19, 2010 01:21 PM #1
Rainmaker
1,899,444
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

That's very good information, Lanre. I need to find out if that program is available in Santa Clara County, California.

Jul 19, 2010 04:08 PM #2
Rainmaker
526,928
Dr. Stacey-Ann Baugh
Century 21 New Millennium - Upper Marlboro, MD
A doctor who makes house calls.

This is great info.  I am going to reblog this.

Jul 19, 2010 05:42 PM #3
Rainmaker
818,163
Lanre-"THE REAL ESTATE FARMER" Folayan
Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC - Bowie, MD
I don't make promises.I deliver results.SOLD HOMES

Dr. Stacey-Ann Baugh (EOP Real Estate, LLC)- Hello Dr.Stacey. Please share it with all of your clients. And thank you very much for the re-blog.

Lottie Kendall, CA DRE#01215160 Seniors Real Estate Specialist (RE/MAX Today)- I believe it is available in California also. Thanks for your comments.

Margaret Woda- I think they still do. If I find out,I will definitely let you know. Thanks for your comments.

Jul 20, 2010 03:08 AM #4
Rainmaker
51,128
BJ Matson
The Choice Group - Olney, MD

yes, it's available in Anne Arundel County.  All of Maryland, Virginia, D.C. 

Jul 20, 2010 03:43 AM #5
Rainmaker
144,909
Markita Woods NMLS#196099
Fairway Independent Mortgage - Woodbridge, VA
Queen of Mortgages - FHA, VA, Conventional, USDA

Excellent info I wish we were offering the grant!

Jul 20, 2010 02:26 PM #6
Rainer
47,090
Aklile Mariam
Long and Foster Real Estate - CAPITOL HILL - Washington, DC
e-PRO Realtor (Lic. DC, MD & VA)

Thank you Lanre for this informative. If I am a buyer, I would choose you to be my Agent.

May 15, 2011 07:08 AM #7
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Rainmaker
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Lanre-"THE REAL ESTATE FARMER" Folayan

I don't make promises.I deliver results.SOLD HOMES
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